Mortgages & Money

Mortgages & Money
Mortgage Options. What to choose?

Mortgage Options. What to choose?

Mortgage Options. What to choose?

If you are new to mortgages, then it”s also likely that you are new to the options available to you. Annuity mortgage, repayment mortgage (surely they all have to be repaid), offset mortgage, interest only mortgage, endowment mortgage, are all mortgage buzzwords that you will hear being bandied about. But what do they actually mean and which one is for me?

Well, …

Mortgages & Money
Mortgages and Tax: What to do?

Mortgages and Tax: What to do?

Mortgages and Tax

As soon as you buy a house you should let the tax office know your new address. You can then apply for tax relief on the mortgage.

Tax relief covers a house, flat and in some cases a mobile home. It’s also worth noting that you can claim tax relief on any loan used to purchase or repair a property so long as it …

Mortgages & Money
Things to avoid when looking for a mortgage

Things to avoid when looking for a mortgage

Things to avoid when looking for a mortgage

We have all become more careful with cash in recent months and this should also extend to your choice of mortgage products.

  • Don’t take the first mortgage you are offered for fear that you won’t get offered another one.
  • Don’t accept everything that your lender says as gospel. Ask questions and get a second opinion.
  • Don’t get sucked in by …
Mortgages & Money
Mortgage Exit Fees: Up and Out

Mortgage Exit Fees: Up and Out

Exit Fees

Over the past few months banks and lending institutions have increased mortgage exit fees in an effort to avert remortgaging.

Anyone on a fixed mortgage rate will be aware of the benefits of switching to a variable rate mortgage right now. Those on a fixed rate have not benefited from the recent falls in interest rates led by the lower rates of the European Central …

Mortgages & Money
How much is your property really worth?

How much is your property really worth?

Castle

In recent years we have all become a little too obsessed with the value (in euro and cents) of our homes. But now, less and less people are bragging about the value of their homes for obvious reasons. So what is your property actually worth now? Apart from the old rule of economics, that something is only worth what someone is willing to pay for …

Mortgages & Money
Mortgage Refusal: They just won’t lend me the cash.

Mortgage Refusal: They just won’t lend me the cash.

Mortgage Refusal

You have shopped around all the financial institutions and building societies. You have contacted a number of brokers. None of them will give you a mortgage. How can this happen? Refused a mortgage? There are usually a number of reasons that combine to result in mortgage refusal. The bank or building society can simply refuse to lend you the cash and is under no …

Mortgages & Money
Equity Release Schemes – Cash in on your home.

Equity Release Schemes – Cash in on your home.

Retirement Fund

If you are over 60, own your own home and are looking to free up some cash, then an Equity Release Scheme is an option for you. You might want to enjoy your retirement, go on the holiday of a lifetime or simply supplement your pension. With equity release schemes you can turn some of the value of your mortgage in to hard cash.

These …

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